Senior Compliance Officer (control room)

The Compliance Officer Control Room, is a fundamental contributor to the successful management of the Firms Insider and Proprietary information. The incumbent will become part of a global team responsible for supporting the US Investment Banking and Research teams. The successful candidate will be responsible for monitoring and enforcing information barriers between public and private sides of the business and will assist with development of policies and procedures to ensure the effective practices to contain sensitive or material non-public information.

The successful candidate will demonstrate highly developed critical thinking and the ability to apply subjective judgement under circumstances of imperfect information. Frequent contact with Business professionals is a fundamental aspect of the role so, professionalism and the ability to develop meaningful relationships with business partners and other stakeholders will be critical to success. The control room operates in high pressure time sensitive environment. Demonstration of tact, discretion and composure will also be key success factors.

Practical experience in some aspect of investment banking would be an asset. Similarly a good understanding of regulatory environment and regulatory expectations as it applies to investment or corporate banking would also be useful. The successful candidate will be expected to acquire an understanding of these areas upon acceptance of the role.

The Control Room provides support to the business outside of normal business hours including certain statutory holidays. Flexibility to work non-standard hours may be required.

Compliance Program Execution and Monitoring (75%)
o Daily duties include wide-range of Control Room compliance activities;

§ Coordinating coverage over multiple jurisdictions with respect to grey/restricted list and research.

§ Review of research prior to publication including compliance with research restrictions in accordance with the Firms policies and procedures and verification of compliance with Wall Crossing procedures.

§ Maintenance of grey and restricted lists.

§ Liaising with other Global Compliance teams to monitor research communication activities pursuant to certain legal, regulatory and/or policy considerations.

o Execution of Monitoring and Testing for both Investment Banking and Research businesses.

o Coordinate and perform ongoing risk assessments and compliance reviews to ensure compliance policies and risk controls are operating appropriately. Create analyses of risk assessments for LOB business group(s). Identify and analyze factors which may affect risk mitigation and compliance with applicable regulatory requirements.

o Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls. Continually challenge LOB staff through ongoing dialogue and discussion to identify opportunities to implement more effective compliance-related policies and procedures.

o Elevate high profile or high risk cases to the Compliance and LOB management to ensure visibility and prompt resolution.

o Perform ongoing validation of monitoring strategies to ensure appropriate governance and control. Identify observations of trends and recommendations to optimize data.

o Prepare complete, accurate documentation of compliance monitoring and surveillance activities. Report findings to Compliance and LOB management and provide timely follow-up on outstanding issues.

o Validate that issues identified through compliance monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate.

o Provide guidance to less experienced Compliance team members in developing and implementing solutions.

Regulatory Consultation (10%)
o Provide advisory services on compliance matters to LOB management and staff (first line of defense) in support of BMO's Research Business. Work proactively with business line contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented.

o Execute appropriate testing and analyze key performance indicators to ensure requirements of Capital Markets policies and programs are maintained at a level commensurate with regulatory expectations. Identify observations of trends and recommendations to optimize data. Support root cause analysis in response to material control failures in lines of business.

o Review various forms, disclosures and advertisements for compliance with applicable requirements.

o Consult on new products, services and automated systems to assist the LOB(s) with incorporating compliance requirements into these initiatives.

Regulatory Governance (15%)
o Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the LOB Compliance group(s) supported.

o Provide input to LOB Compliance and LOB staff regarding emerging issues and interpretation of regulations.

o Identify training needs based on gaps identified through the compliance monitoring process.

o Identify possible enhancements to LOB Compliance tools and processes and communicate them to the Compliance management.

o Assist LOB management and staff in communicating and implementing changes to applicable regulatory policies and procedures.

o Represent the LOB Compliance team and interact with examiners and auditors during internal, external and regulatory audits and examinations.

o Provide regulatory perspective on appropriateness of LOB sales and marketing materials.

Qualifications

Bachelors degree required. Recognized compliance certification or equivalent a plus.

Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study, including 1-2 years of Control Room experience

Recognized compliance certificate or equivalent preferred.

Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines.

Skilled knowledge of regulatory/ compliance requirements and the operations of a single client group.

Strong communication, critical thinking, relationship management and project management skills.

Deep knowledge and technical proficiency gained through extensive education and business experience.

Verbal & written communication skills - In-depth.

Collaboration & team skills - In-depth.

Analytical and problem solving skills - In-depth.

Influence skills - In-depth.

Data driven decision making - In-depth.

Salary
$75,000.00 - $160,000.00

Pay Type
Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:

About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to View email address on chicagocareersite.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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